Ugly Duckling Cake

1 (18.25 ounce) box yellow cake mix
1 (16 ounce) can fruit cocktail
2 1/3 cups coconut
2 eggs
1/2 cup chopped nuts
1/2 cup butter
1/2 cup granulated sugar
1/2 cup evaporated milk

Combine cake mix, undrained fruit, 1 cup coconut and eggs. Blend; beat at medium speed for 2 minutes and pour into a greased 13 x 9-inch pan. Sprinkle with brown sugar, then nuts. Bake at 325 degrees F for 45 minutes.

Bring butter, sugar and milk to a boil. Boil 1 minute. Stir in remaining coconut. Spoon over warm cake. Top with prepared whipped topping, if desired.